Saturday, 8 August 2020

The jobs report was good. The US economy is still a mess.

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "I'd like to say this is some good and necessary trouble,"— Hannah Waters, the Georgia high school student who was suspended after posting photos of North Paulding High School's crowded hallways on…

Rush shipping is often free. But the environment could be paying for it

New York (CNN Business)Shopping online during the upcoming holiday season could get more expensive if it’s delivered by UPS. The company will begin imposing surcharges of several dollars on companies that ship a huge amount of items this fall and early winter, anticipating rising costs as more more people shop…

Chinese tech giant stock plunges after Trump's WeChat ban

London (CNN Business)President Donald Trump’s decision to ban TikTok and WeChat rattled shares from Hong Kong to Tokyo, Amsterdam and Johannesburg on Friday in a cautionary sign that Washington’s crackdown on Chinese companies could have far-reaching consequences for global tech investors. The reckoning was immediate for WeChat parent, Tencent (TCEHY)….

US Space Force to sponsor Ed Carpenter Racing at Indy 500

Space Force sponsors INDYCAR driver Ed Carpenter’s car for Indianapolis 500 Three-time Indianapolis 500 pole winner Ed Carpenter and General Jay Raymond, chief of space operations for the U.S. Space Force, join ‘Fox & Friends’ to discuss the special sponsorship. EXCLUSIVE: Ed Carpenter is ready for liftoff. The IndyCar driver’s team…

TIIL in ₹700-crore pact to buy CG Power stake

To get up to 56.6% via shares, warrants Tube Investments of India Ltd. (TIIL), a Murugappa Group firm, has entered into a securities subscription agreement to bail out debt-ridden CG Power and Industrial Solutions Ltd. On Friday, the board of TIIL approved the proposal for making a binding bid for…